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Terms & Conditions

Terms of Use and Legal Notices

By accessing the websites of Narwhal GmbH, you declare that you have read, understood and agree to the current terms of use and legal notices ("Terms of Use") set out below. If you do not understand or do not agree with them, please leave the websites of Narwhal GmbH.


No Offer or Recommendation - non-binding nature

The information on the websites of Narwhal GmbH is neither an invitation to buy (of any kind) nor an offer or recommendation to buy or sell financial instruments, to engage in other transactions or to conclude any legal transaction.

The information on the websites of Narwhal GmbH therefore does not constitute decision-making aids for economic, legal, tax or other advisory issues, nor may investment or other decisions be made solely on the basis of this information. Professional advice by a qualified specialist is recommended.


No Investment Advice

Insofar as Narwhal GmbH provides stock exchange information on it’s websites, it does not constitute any investment advice. The statements contained herein should not be construed as an offer or recommendation of specific financial instruments. This also applies when individual issuers or financial instruments are mentioned. The information contained herein cannot replace customer-specific and object-oriented advice based on the individual circumstances of the investor.


No Sales Activity

The information on the websites of Narwhal GmbH is therefore for information purposes only. It is not intended for distribution to or use by any natural or legal person in any legal or legal country where the distribution or use would be in violation of local law or regulations, or where any registration requirement in this legal or legal country would be enforced. Persons or entities to whom these prohibitions apply must not access or use these websites.

In particular, the information regarding one or more designated "product(s)" of Narwhal GmbH in this brochure is NOT authorized for distribution, offering or any sale in the United States under the U.S. Investment Company Act of 1940 or the U.S. Securities Act of 1933. Narwhal GmbH therefore expressly states that the websites of Narwhal GmbH are not directed to any person or entity located or resident in the United States, its territories or dependent territories, or otherwise subject to the laws of the United States by reason of such person's citizenship or otherwise.


Disclaimer of Warranties

The information on the websites of Narwhal GmbH has been compiled with the greatest care and attention, using sources that Narwhal GmbH believes to be reliable. Despite all due care, Narwhal GmbH cannot assume any responsibility for the timeliness, accuracy or completeness of the information. All available information is provided to the user "as is" without any express or implied warranties or representations as to quality, originality, infringement of intellectual property or fitness for a particular purpose.

Statements about future developments and estimates are based on assumptions that may be incorrect, may change or are based on simplified models. Narwhal GmbH does not know whether its statements about future developments will be accurate. It is also possible that Narwhal GmbH will change its opinion about a future development. In this case Narwhal GmbH will not inform anyone about the change of opinion.


The websites of Narwhal GmbH may contain links to other third party websites. Narwhal GmbH has not reviewed the content of third party websites. Access to a third party website via these links is at the visitor's own risk, and Narwhal GmbH assumes no responsibility for the content, accuracy, timeliness, completeness, truth or functionality of any such linked website.


Ownership and Intellectual Property Rights

Unless otherwise stated, Narwhal GmbH is the sole owner and beneficiary of all parts of the websites of Narwhal GmbH.

The use of the websites of Narwhal GmbH for its intended purpose does not transfer any legal rights, in particular no rights to trademarks, know-how or other intangible property contained in the brochure. All intellectual property rights (such as copyright, design rights and trademark rights) in the material contained on the websites of Narwhal GmbH are owned by Narwhal GmbH or the respective rights holder, who will enforce such rights in accordance with applicable laws.

No part or all of the websites of Narwhal GmbH may be published or otherwise used without the written permission of Narwhal GmbH. Any use of elements of this brochure also requires, in addition to the complete reference, always the naming of Narwhal GmbH.


No Liability

Narwhal GmbH, including, to the maximum extent permitted by applicable law, their managers, representatives, employees, contractors, and the contractual partners disclaim all liability for losses or damages of any kind arising directly or indirectly in connection with: (1) the content on the websites of Narwhal GmbH, in particular their up-to-date, accuracy and completeness, as well as linking to or content from third parties; (2) errors or omissions on the websites of Narwhal GmbH; (3) the use of or access to. access to this brochure; (4) the failure of access to or use of the websites of Narwhal GmbH for any reason whatsoever; (5) other single or repeated damages resulting from the use of (or the inability to use or access) the websites of Narwhal GmbH and the content therein.

To the fullest extent permitted by applicable law, Narwhal GmbH disclaims all liability for the following: (1) loss of profits, revenue, savings or other pecuniary losses; (2) loss of business or other loss of business or goodwill; (3) loss or damage of data; (4) consequential or special damages; (5) wasted management time; or (6) indirect or consequential damages arising out of the use of or access to the websites of Narwhal GmbH, even if advised of the possibility of such loss or damage.

If any provision of this section is or becomes invalid, the content and validity of the other provisions shall not be affected thereby. In such a case, the invalid provision will be replaced by a provision that comes closest to the economic purpose that Narwhal GmbH intended with the invalid provision.


Applicable Law and Place of Jurisdiction

The use of this brochure, the terms of use as well as the legal provisions are subject to Swiss law. The exclusive place of jurisdiction is Zurich.

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